North American Compound Feed Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 4.00 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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North American Compound Feed Market Analysis
North America Compound Feed Market is projected to grow at a CAGR of 4% during the forecast period (2020-2025). The growing demand for higher-value and quality animal foods is the major driving force behind the growth of the compound feed market.The expansion of the animal products industry has created an opportunity for compound feed to spur the market, as these feeds boost immunity and enhance the performance of animals, by stabilizing the rumen environment.
North American Compound Feed Market Trends
This section covers the major market trends shaping the North American Compound Feed Market according to our research experts:
Growing Demand for Animal based Products is Driving the Market
The demand for higher-value and quality foods, such as meat, eggs, and milk rises, is increasing in the region. The increse in demand for these products and other non-food items, has led to the growth in the usage of feed additives, thereby, boosting the compound feed in the growth of the animal feed market. In Canada, the commercial chicken and turkey meat production totaled 1.43 billion kilograms in 2018. The demand for poultry and egg products is growing. over the last five years, food availability increased annually on average by 2.3% for chicken, 1.4% for turkey, and 2.5% for eggs. In Mexico, poultry is the most developed animal feed livestock subsector driven by high demand for poultry meat and eggs. According to the Mexican feed industry, 40 million tons of feed was produced in 2018, about 55 percent of which was used by the poultry industry. For each million ton of chicken meat produced, 72.5 % of the cost involved is from feed. The animal feed is the key component in the production of eggs, with a 63% share of the cost of eggs.
United States Dominates the Market
United States is one of the major compound feed market in North America. The domestic animal food manufacturing industry largely relies on the free-trade agreement with Canada and Mexico (North American Free Trade Agreement's (NAFTA) implementation), which has allowed exports of feed ingredients, feed and pet food. This trade agreement coupled with increasing livestock industry is driving the market for animal feed. The concentration of animals on feed and the production of necessary feed ingredients occurs in the Midwestern, Southern and Eastern regions of the United States which incldues, Iowa, Texas, Nebraska, North Carolina and Minnesota. The country remains the world's largest animal feed producer and exporter as well as home of many world's leading animal feed producers. The prominent feed manufacturers in the country includes Cargill, Land O'Lakes, Alltech, ADM Alliance Nutrition, Perdue Farms, J.D. Heiskell & Co. Kent Nutrition Group, Hi-Pro Feeds and Southern States Coop.
North American Compound Feed Industry Overview
North American Compound Feed market is highly competitive with the presence of many local and international payers who are operating in this region. Cargill Inc, Archer Daniels Midland Company, Alltech and Hi-Pro Feeds are some of the prominent players who have their presence in the region. Some of the players have been expanding their geographical presence by acquiring or merging with the manufacturers in the foreign market. The leading companies focused on the expansion of the business across regions and setting up a new plant for increasing production capacity as well as a product line. The companies are also increasing production capacities of their existing plants.
North American Compound Feed Market Leaders
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Cargill Inc
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Archer Daniels Midland Company
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Alltech
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Land O Lakes Purina
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Nutreco N.V. (trouw nutrition)
*Disclaimer: Major Players sorted in no particular order
North American Compound Feed Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions & Market definition
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
- 4.1 Market Overview
- 4.2 Market Drivers
- 4.3 Market Restraints
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4.4 Porter's Five Forces Analysis
- 4.4.1 Bargaining Power of Suppliers
- 4.4.2 Bargaining Power of Buyers
- 4.4.3 Threat of New Entrants
- 4.4.4 Threat of Substitute Products and Services
- 4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
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5.1 Animal Type
- 5.1.1 Ruminants
- 5.1.2 Poultry
- 5.1.3 Swine
- 5.1.4 Aquaculture
- 5.1.5 Other Animal Types
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5.2 Ingredient
- 5.2.1 Cereals
- 5.2.2 Cakes & Meals
- 5.2.3 By-products
- 5.2.4 Supplements
- 5.2.4.1 Vitamins
- 5.2.4.2 Amino Acid
- 5.2.4.3 Enzymes
- 5.2.4.4 Prebiotics and Probiotics
- 5.2.4.5 Acidifiers
- 5.2.4.6 Other Supplements
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5.3 Geography
- 5.3.1 United States
- 5.3.2 Canada
- 5.3.3 Mexico
- 5.3.4 Rest of North America
6. COMPETITIVE LANDSCAPE
- 6.1 Most Adopted Strategies
- 6.2 Market Share Analysis
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6.3 Company Profiles
- 6.3.1 Cargill Inc
- 6.3.2 Archer Daniels Midland Company
- 6.3.3 Alltech
- 6.3.4 Hi-Pro Feeds
- 6.3.5 Land O Lakes Purina
- 6.3.6 Nutreco N.V. (trouw nutrition)
- 6.3.7 Kent Nutrition Group
- 6.3.8 Neovia Group
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
8. IMPACT OF COVID-19
North American Compound Feed Industry Segmentation
For the purpose of the report, the market has been segmented by ingredient type, animal type, and geography. The corporations in the feed industry operate in a B2B manner, and bulk dealers and distributors who buy compound feed to supply to feed mills without value addition have been excluded from the market scope to avoid any double counting.
| Animal Type | Ruminants | |
| Poultry | ||
| Swine | ||
| Aquaculture | ||
| Other Animal Types | ||
| Ingredient | Cereals | |
| Cakes & Meals | ||
| By-products | ||
| Supplements | Vitamins | |
| Amino Acid | ||
| Enzymes | ||
| Prebiotics and Probiotics | ||
| Acidifiers | ||
| Other Supplements | ||
| Geography | United States | |
| Canada | ||
| Mexico | ||
| Rest of North America |
North American Compound Feed Market Research FAQs
What is the current North America Compound Feed Market size?
The North America Compound Feed Market is projected to register a CAGR of 4% during the forecast period (2024-2029)
Who are the key players in North America Compound Feed Market?
Cargill Inc, Archer Daniels Midland Company, Alltech, Land O Lakes Purina and Nutreco N.V. (trouw nutrition) are the major companies operating in the North America Compound Feed Market.
What years does this North America Compound Feed Market cover?
The report covers the North America Compound Feed Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the North America Compound Feed Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
North America Compound Feed Industry Report
Statistics for the 2024 North America Compound Feed market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. North America Compound Feed analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
